Swing trade idea - Long BOO.
I’m took this position first thing this morning after reading the RNS - Another impressive set of results.
Looking to continue boucing off the 50MA before breaking out to retest all time highs.
Run the stop where you like. Below the MAs or below the lower trend line.
Last post: May 14th. See chart .
Review: Price had approached a resistance area.
Update: Price is currently at another strong resistance area.
Conclusion: We need price to break the first resistance level then the next one before looking at trading opportunities here.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if...
Review: Price is at the 50 simple moving average, using it as resistance
Conclusion: Patience needed until the break and close above the 50SMA, then a break above the 6th June 2017 high
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!